■Future Outlook LeTech <3497> expects an increase in sales and ordinary income of more than 20%, with sales of 2.14 billion yen (+33.8% YoY), operating income of 150 million yen (+7.7% YoY), ordinary income of 100 million yen (+21.7% YoY), and net income of 1.03 billion yen (-11.4% YoY) for the July 2024 term, and has maintained its initial forecast (announced in September 2023).

3. Future channel plans and progress

Cube <7112>'s channel plan for the fiscal year ending December 2024 and beyond is as follows:

(1) Domestic Strategy

Continue development of flagship stores following Aoyama store. Promote the enlargement of stores towards strengthening inbound sales, actively conduct POP UP store openings including outlet stores. Meanwhile, consider franchising.

a) GINZA SIX Store Renovation

Expand and renovate the GINZA SIX store, the flagship store with the highest number of inbound visitors in Tokyo, to approximately double its size. Incorporate luxurious interior similar to Aoyama store, actively convey the world view of luxury golf brands to overseas markets.

b) Daimaru Shinsaibashi Store Renovation Grand Opening

Like GINZA SIX store, Daimaru Shinsaibashi store, a leading store in the Kansai region with high inbound demand, has been expanded and renewed. Incorporating the luxurious interior similar to Aoyama store, actively showcasing the world of a luxury golf brand to overseas markets.

(Written by FISCO guest analyst Noboru Terashima)